TechCrunch Summary (2023-06-14 04AM)

Source: Vodafone and Three plan to merge in the UK in a $19B deal (if regulators approve)

Summary
Vodafone and Hutchison have announced a merger of their UK carriers, Vodafone and Three, with no cash consideration and the combined business would have around 28 million subscribers and worth £15bn.

Fact

📈 The combined business would have around 28 million subscribers and worth some £15 billion.

🤝 The merger is 51% owned by Vodafone and 49% owned by Hutchison.

📅 The companies expect the merger to be completed by the end of 2024, subject to regulatory approvals.

📱 Combining gives both companies greater economies of scale for building costly 5G networks and beyond, as well as in operation.

💰 The mobile market is thin-margin and so the merger is a consolidation to improve margins, while customers using mobile networks are consuming a lot of content.

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